AUD/USD may rise 16 - 36 pips

Pivot

0.6650

Our preference

Long positions above 0.6650 with targets at 0.6695 & 0.6715 in extension.

Alternative scenario

Below 0.6650 look for further downside with 0.6625 & 0.6605 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

0.6735

0.6715

0.6695

0.6679 Last

0.6650

0.6625

0.6605

Number of asterisks represents the strength of support and resistance levels.